MD_DA124 Butter/Butteroil - Oceania Report 33 - Released on August 13, 2020 Oceania butter prices dipped slightly. Butter production is increasing sharply from seasonal lows. Most manufacturers cleared stocks from last season by mid-July, which is a typical annual process. Buyers expect that timing. Increasing volumes of new season production, with production expected to climb further, have caused many buyers to step back and hope for price weakness. Most regular buyers are well stocked and can afford to be discrete in purchasing at this time of year. Oceania, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 3,450 - 3,500 Information for the period August 3 - 14, 2020, issued biweekly Secondary Sourced Information: At GDT event 265 on August 4, the butter all contracts price, $3,438, decreased 2.8 percent. The September contract, $3,450, decreased 1.6 percent. Published by: Dairy Market News - Madison, WI Eric Graf, 608.422.8590 Email: Eric.Graf@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov